1. GBP/USD Analysis:

News Summary:

The Bank of England's decision on Thursday is unlikely to have much impact on the pound as the market has already priced in an unchanged rate of 4.50%. Instead, the pound is likely to be influenced by global developments rather than domestic factors. The BoE's guidance is likely to remain unchanged and emphasize data dependence, with wording pointing to continued gradual rate cuts. In addition, the pound hit a four-month high against the dollar as concerns about a US recession continued to ferment.

Trend Analysis:

We can see GBP/USD fluctuated at a high level and ran above the 48 hours moving average on H4 chart. In addition, the MACD double line and histogram bar have formed golden cross above the zero axis. The buy limit could be employed, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [1.2900]

Key Resistance Levels: [1.3100]
Pivot Points [1.2950]

2. Gold Analysis:

News Summary:

The gold continued its recent strong performance, with geopolitical risks and the Fed's interest rate cut expectations, driving gold prices to record highs. The sudden escalation of the situation in the Middle East, the Israeli airstrike on Gaza that killed more than 400 people, and the Trump administration's remarks on the implementation of new tariffs on April 2, have intensified the market's risk aversion. The increase of the conflict between Israel and Hamas has directly increased market concerns about the situation in the region getting out of control.

Trend Analysis:

We can see gold H4 level continues to rise and runs above the 48 hours moving average. Furthermore, the MACD double line and energy bar converge again above the zero axis. The buy limit could be used, stop loss is compulsory.

Today's Key Price Levels:

Key Support Levels: [3010]

Key Resistance Levels: [3090]

Pivot Points [3027]